10 years ago, a 2,000-gallon metal tank could hold hazardous materials costing $200,000. What would a 4,500-gallon tank cost today if the power-sizing exponent is 0.56 and the construction cost index for such facilities has increased from 200 to 600 over the last 10 years? a. 314,958 b. 600,000 c. 944,873 d. 968,329

10 years ago, a 2,000-gallon metal tank could hold hazardous materials costing $200,000. What would a 4,500-gallon tank cost today if the power-sizing exponent is 0.56 and the construction cost index for such facilities has increased from 200 to 600 over the last 10 years? a. 314,958 b. 600,000 c. 944,873 d. 968,329

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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10 years ago, a 2,000-gallon metal tank could hold hazardous materials costing $200,000. What would a 4,500-gallon tank cost today if the power-sizing exponent is 0.56
and the construction cost index for such facilities has increased from 200 to 600 over the last 10 years?
a. 314,958
b. 600,000
c. 944,873
d. 968,329

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